However, Tencent said that increasing use of graphics processing units for internal uses has "limited" the amount of the chips that are available for external clients and therefore has held back cloud services revenue growth too.
GPUs are key semiconductors required for the training and use of AI applications.
Tencent said that, starting from the fourth quarter, it has "stepped up" purchases of GPUs and it expects "accelerated revenue" for cloud services as a result.